when do we expect to be at our allocation? >> five years. >> and our allocation% is ten? >> yes. >> how long until we get to that four% that you talked about? >> it depends on when the capitocapital is called. we do have some charts showing expected pacing. i would need to go back and look at the charts. i know the endpoint of when we get to ten, i don't know. i don't recall when we get to four. if i were to estimate, a year. >> have we, or have you talked about -- the funds that we put money with, there are prior funds. they already have names that they are invested in. just posing a question, does it make sense to have some of our existing managers sort of create a trust or a site car so we can buy names in the secondary, if they fit certain criteria? so that we don't have to weighed a cycle to get in, or is a purposeful that we are trying to invest over the next five years? >> we are trying to take a measured approach for a couple of reasons. one is we don't want to take a lump-sum of vintage year risk. we want to spread that over a time series. the second reason why w

i think -- the way that funds were allocated for the upcoming year were to reflect the service allocation plan, which was approved by the board of supervisors and mayor's office and the allocations we put in were in line with what the services allocation plan proposed. i hear your concern about making sure that we have enough money for 0-5-year-olds, but we're hearing from the school districts about additional kids and so it's a tricky balancing act. if there were more funds available for 0-5, we'd be happy to use them. i agree they could be put to go use, absolutely. >> supervisor yee: and i -- i really don't envy any of the department's position to allocate the funding, but there's a lot of needs and i get that part. i just want to make sure that -- it seems like the voice of the younger kids are always lost in the mix. so and the family piece, engagement piece? >> sure. we do have a family resource center initiative, in partnership with first five. so in a variety of neighborhoods around the city, i think that there is definitely an interest by our director and deputy director to expan

coaker. >> start by looking at the second page, if you look to the column titled, allocation, alloc, i want draw the progress we've made. you see private equity right now is 16.5. that was under 12, slightly under 12 four years ago. so even in a bull market, we've come a long ways there. the next is that liquid -- well, let's take private debt. only 1.8%, but i'm going to come back to that because we made $600 million worth of commitments that are waiting to go called. when it does, that will be over 4%. the next progress is in real assets. that's at 14.2. that number was slightly under 9 four years ago. so we've come a long way there. and absolute return, that's 9.6, and that number has been built from the ground up, in the past year and a half. we've come a long ways, what is still to be completed is the remaining build-out of 5% in absolute return. i think we're going to be more than halfway of that 5 in about year end. private credit, we've talked to you, that's going to take time. that could take five years. that's cambridge's estimate. it really is dependent on capital being ca

in planning and cost allocation have worked well. in my testimony i provide 9 ideas for expanding transmission and improving performance but none of these ideas matter if there is no leadership at the department of energy or ferc. we are waiting for that leadership. i fear the agencies are too distracted to provide life extensions to all power plants. we are wasting our time comparing different dictionary definitions of reliability and resilience when we should be updating policies for transmission. if resilience is a code word for popping up on economic plants that needs to sink on its own merits as pat woods said recently. turning to transmission. to improve transmission most of my recommendations are for ferc but i have some for congress as well. it doesn't matter if it's under the heading of 2000 or others, they could pull it out. we need to update transmission policy to create the grid that we know that we need in the future. i recommend that curran and congress built upon the twin policies of broad regional planning and benefic

allocating space for new infrastructure is often a challenge. the electricity sector is going through tremendous change and at the same time, demand for power remains relatively flat. there are new challenges from the weather and security threats as long as making sure the grid is more responsive. this requires us to evaluate the policy tools for is using. we hear opinions about the degree to which for orders are helping or hindering investments and electric transmissions. it is a challenge to get this right. stakeholders will have diverse opinions on how to improve these policies. if you look at the map of existing transmission lines across the country, it is hard for me to believe we need new transmission. this is a mature network. but it is also a good debt that it needs to be upgraded and modernized. something companies must consider when pursuing transmission project. a project in my district proposed by firstenergy is one example where there were no serious considerations given to non-transition options that could make the system more resi

this is a quick snapshot of some of the dollars that have been allocated.ou can see, we put this together by contacting the different departments. most of the funds have come through add-backs or mayoral enhancements. you can see the dollars go up and down because there has not been a consistent methodology of allocating resources for these programs. again, along with -- let me go back to this slide. you can see that there have been four districts before, as you are aware, the lgbtq district was just approved and we've also been working with the bayview cultural district, which is in the planning process now. we've been talking about moving this program forward. we do want to propose limiting new cultural districts to no more than two per year. these are resource-intensive and time-intensive. an essential element of the proposed legislation with be the creation of cultural heritage and economic sustainable strategy, which is the chess report. it would be approved by the board of supervisors and create a roadmap for each community and would create the -- ide

, and you allocate them based on where there's the most perceived need or risk. performance management resources are based on a funding source, and if you look at appendix f of the city charter, that's nowhere in the city charter. that's a decision somebody made, and i might think it would be a historical accident because why are not the performance management resources allocated based on need, and why do the departments who are funding them have a say in how they're spent? because again, it appears to be totally contrary to the intent of appendix f of the city charter. thank you. >> are there any other public comments? seeing none, the meeting is adjourned. . >> a hi, i'm karen fry a project manager and sfpuc and the bureau of environmental management honestly i've not considered a public sector job i realized this was an opportunity to work on large capital projects from san francisco all the way to our hetch hetchy and the yosemite national park i work with engineers and city attorneys and scheduled and we all work tom nolan e together on the project. >> the e

, and you allocate them based on where there's the most perceived need or risk. performance management resources are based on a funding source, and if you look at appendix f of the city charter, that's nowhere in the city charter. that's a decision somebody made, and i might think it would be a historical accident because why are not the performance management resources allocated based on need, and why do the departments who are funding them have a say in how they're spent? because again, it appears to be totally contrary to the intent of appendix f of the city charter. thank you. >> are there any other public comments? seeing none, the meeting is adjourned. bayview. >> a lot discussion how residents in san francisco are displaced how businesses are displaced and there's not as much discussion how many nonprofits are displaced i think a general concern in the arts community is the testimony loss of performance spaces and venues no renderings for establishes when our lease is up you have to deal with what the market bears in terms of of rent. >> nonprofits can't a

i believe there are 20 that are underway that would be allocated.his is an enhancement, i have to look back in the report, i think we give the numbers in our report. >> ok. thank you very much. thank you, mr. rose, appreciate your presentation. colleagues, any questions? supervisor yee? >> supervisor yee: not to him. not to mr. rosenberg. but a general question. maybe trying to get to this earlier in terms of my concerns, i think last time we -- >> supervisor cohen: he -- whoever is representing the airport come forward. >> supervisor yee: i'm a little concerned, and maybe more appropriate to the police department. but as, because i heard somebody say the last time we had this discussion that many of the police officers that get assigned to the airport, because of seniority, many of them are not your people that are coming out off the academies, meaning, i'm a little concerned, because what we are doing is all of a sudden we are having a big drain on possibly a big drain on the seasoned police officers in the city of san francisco and having a lot m

i personally would like to see that money not allocated for this purpose got but to see this money allocated to make sure that our libraries are actually truly accessible. if it's not safe for people to go there, they don't go there. i don't find it a safe library to go too often. this has been ongoing since i've been in office. at one point, we did have officers there every day. that's been cut back to three days. and, you know, i don't know why everybody thinks that's okay. i don't find it acceptable. you know, we've had assaults of library personnel. i don't understand why you think it's okay that the people who work there aren't safe. we've had assaults on patrons, i don't know why you think it's okay for patrons not go to this library. we are also buying new technology that we frankly don't need, and the checkout think that i don't buy it. i've got a kid, we've gone to the library, we are heavy consumers. you know, she checks out her own books. you have yourself checkout stations, which i guess you are going to throw away? we are going to throw away working equipments that kids can use

in total alabama's allocation is $162.5 million, and 16.75% is 75% is allocated to administrative expenses. during the seven years of hardest hit assistance, the department of treasury has approved 12 term sheet changes for the state of alabama. our current portfolio programs includes a mortgage payment assistance program, a loan modification program, a short subprogram and applied elimination highly program. more than 6500 homeowners have been approved and received more than $63.8 million in program dollars. we have an average of $9828 per household assistance. 85% of households who receive assistance in our mortgage payment assistance program had an annual income of $50,000 or less. 45% of homeowners who received assistance were 90 plus days delinquent on the first mortgage at the time of application, and hardest hit fund have been dispersed and all 67 counties in the state of alabama. we had to take the administration of the hardest hit fund are good with great seriousness to ensure regulatory and program compliance alabama hardest hit program is reviewed on a monthly basis by her inter

because even though it's not a direct allocation, it's an continued demand. it's a request. the state has made a q i know it's being negotiated. but i just in the big picture i'm trying to understand how all of these individuals developments and a request also coming in around water for the river. all fit into our over all cap? >> i would indicate that what the state would do is not request. that's regulation and it's a whole different kettle of fish. this is all based on our assessment back in the e.i. r. for the which is i am where we looked at what we felt was achievable at that time and we were talking about the cap of 265 million gallons a day and for in city and that anticipated us being able to bring demands down by 10mgd which we were able to do and when i started this job eight and a half years ago now, we had plenty of room in there that we were not going to use all of the water allocated to the city. since that time, with the growth and demand we're up against that so it's putting us right there so we're going to have to make decisions going forward how we want to

, and you allocate them based on where there's the most perceived need or risk. performance management resources are based on a funding source, and if you look at appendix f of the city charter, that's nowhere in the city charter. that's a decision somebody made, and i might think it would be a historical accident because why are not the performance management resources allocated based on need, and why do the departments who are funding them have a say in how they're spent? because again, it appears to be totally contrary to the intent of appendix f of the city charter. thank you. >> are there any other public comments? seeing none, the meeting is adjourned. >> good afternoon, everybody. welcome to the tuesday may 22nd meeting of the san francisco public utilities commission. role call, madam secretary. while you are getting that, i'll let you know that the items 16 through 21 on closed session will not be heard. placed on the june 12th agenda. >> president kwon. [roll call taken] >> we have a quorum. >> item number 3, approval of the minutes of may 8, 2018, disc

regional planning and cost allocation in particular have worked well. we should build on that success. in my written testimony, i provide nine ideas for expanding transmission and improving its performance. however, none of these ideas matter if there's no leadership at the department of energy. i think we are awaiting for that leadership. i fear the agencies are too distracted by misguided proposals to provide life extensions to old power plans. we're all wasting our time comparing different dictionary definitions of reliability and resilience when we should be updated policies for transmission. if resill yen yes is a code wor that needs to sink on its own poor merits as my former boss pat woods said recently. to improve transmission, most of my recommendations are for ferk, but i was some for d.o.e. and congress as well. it doesn't matter if it's under the heading of order 1,000, 890, 2,000, or an entirely new vision they could rule out called order 2020. we need to update transmission policy to create the grid we know we'll need in the future. i reco

, if they go over it 1 foot, they need a different allocation. there's a lot of temptation here. there's a temptation to take this space, there's a temptation to take other spaces, so in the interests of honesty and doing things right and getting maximum amount of funding for housing and other fundings that we need for the city, i ask you to put on a condition on the office allocations. one, when the permit for building this project comes through, the planning depa

in total, the allocation is $162.5 million with 16.75% is allocated to the administrative instances. during the seven years of the hardest hit in the department of treasury has approved 12 changes for the state of alabama. the current portfolio includes a mortgage payment assistance program, low notification plug-in, short sales program and elimination privilege program. more than 6,000 have been approved and received more than $63.8 million in program dollars. we have an average of $9,828 per household for assistance from 85% that receive assistance in the mortgage payment assistance program had an annual income of $50,000 or less. 45% of received were 90 plus days delinquent on their first mortgage at the time of the application and the hardest hit funds have been dispersed in all counties in the state of alabama. ahfa takes this with great seriousness to ensure compliance from alabama's hardest hit program is reviewed on a monthly basis by the internal audit team and an annual basis by the firm and since the program's inception, alabama has completed five compliance reviews in the

number three, they should fix interregional planning and cost allocation. clearly no improvements have been made since order 1000's attempt to improve that. congress, the department energy and ferc should improve siting. it is important for the future grade that we need and we should make sure that it works and is used where appropriate. ferc should require proactive planning that captures all of the values of transmission . too often it gets compartmentalized and not all of the benefits are included. the administration should improve federal coordination and transmission permitting on federal lands. the department of energy should harness the authority and capabilities of marketing administrations. they can be involved in transmission, utilize section 1222, and help in other ways. the administration should couple the department of energy's planning and support for corridor designation with the department of interior efforts to identify renewable energy zones and transmission corridors. finally, congress should consider public financing to right size transm

the allocation plan included strengthening services for adults with disability.pport this initiative the department is requesting approval for a grant agreement with the paul k. long horn institute on disability at san francisco state. the institute will partner with r.n.p. associates to provide consulting services to create a strategic plan that will be used by the department to develop a community and cultural center focused on adults with disabilities and the best way in which the department can serve this community. the long horn institute is a research organization with knowledge in the field of disabilities. r and p associates is developing strategic plans for organizations. together they will conduct a thorough multi-phased process during the next 11 months and that will entail almost 1,000 hours of in-depth research, field work, and analysis. the strategic plan will identify the types of services and resources needed and the department will have a background report, an assessment report and a timeline and action plan. we are looking forward to working wit

haveiggest problem we will is actually the asset allocation issue. generally, that home base of the very textbook example, when you have volatility, especially to the downside, bonds will help you and we are now seeing that come from changes we have talked about earlier. that volatility, the thing that was a safe unit was the cause of volatility. been working so far this year. i expect the challenge to continue. it is a week issue for a lot of folks. >> when you go down to specific sectors come what do they bring to the environment given the context you see at the end of the cycle? >> sure. one key piece is what is different? andyone looks back to 08 says financials, we should be scared of them. there are things to look at and are difficult, but banks are very well capitalized and have been benefiting from higher rates. there is a place where, if you go back to the 2000 recession, banks were a safe haven. it will not always be the same. things that benefit from higher rates i think will always be more successful and things that are more safe havens l

planning and as i think kelly talked about earlier, there is 1.3 remaining in the project funds allocated in '16-'17 and '17-'18. >> she didn't mention that. thank you for reiterating. do you know to total tol lar dor figure for a city-wide system? ben says no. >> we have this information from the ctc study, so i think it was 1.2-1.9 billion. >> okay, thank you very much for your presentation. let's go to public comment. i see a couple members of the public still here. thank you for staying here. you have two minutes. >> chris wideman. i have spend 35 years dealing with telecommunications law and policy and half of that time across the street at utilities commission. in 2016 the commission by unanimous vote issued a study on telecommunications competition and to the surprise of very few people found that high-speed wired broadband was not competitive. most people in california have one provider, strain i san frans lucky we have two, maybe 2.5. sonic can't get into the underground so that is the half. you have your folks out in the district and out in the city and i was riding through the

objects in space increases both the probability of collision and also competition for spectrum allocation for commercial endeavor to become more intense. this increase in the light of commercial space assets exposed the deficiencies in our current process for managing space traffic and spectrum allocation, and in light of these the national space council has developed and recommend space traffic management policy. the first u.s. space policy to address this issue. vice president talked about this briefly in colorado, and as the saying goes it's on that large piece of furniture known as the presence of desk some hoping we have an announcement -- president's desk. it's been a productive process of discussing with the interagency and to think we have reached a fairly good consensus. this new policy sets priorities for ss a and space traffic management which we hope will encourage the growth of the commercial sector, establishes a modern space traffic architecture, remote safety standards and norms are acrosse international community. it will align agencies to do but at what they're supposed

, if they go over it 1 foot, they need a different allocation. there's a lot of temptation here. there's a temptation to take this space, there's a temptation to take other spaces, so in the interests of honesty and doing things right and getting maximum amount of funding for housing and other fundings that we need for the city, i ask you to put on a condition on the office allocations. one, when the permit for building this project comes through, the planning department routinely signs off at the first end -- front end. before the final allocation -- before the final issuance of the permit for construction, it should come back to planning department to check the plans because building department doesn't always follow the same sensitivities that planning does. they have plus and minus 20 feet. the other thing is that second condition, is it every single alteration permit, tenant k3wr06789 permit be routed to planning department, period, for plan review. like i said, i'm a real cynic because i have a lot of experience in the city. there's a lot of

any other allocations out there? >>speaker: the actually uses to date is $1 million for the fiber consultant and 200,000. >> how is the outside legal counsel collect? >>speaker: the city attorney and league council has experience with p3. >>speaker: okay. all right. t i want to go back to the revenue tax measure that is going to be on the ballot. so we don't really know what the project costs are exactly. we have a round figure. do you have any idea of an estimated figure of what the exact cost may be to customers to the rate payers? >>speaker: we really don't at this point because the revenues are still unknown. >> will there be tiered costs? >>speaker: that is an opportunity. deaf thatldefinitely a lower coe lower income. >>speaker: a subsidy for lower income. >>speaker: yes. >> if you don't mind, i would like to call up connor to ask him questions about the revenue measure. hello mr. kennedy. i think you have been working on this project for the last year-and-a-half. >> yes, i am project-specific staff. >> what do

all time shall be equally allocated between the parties and be limited to five minutes. the chair now recognizes the gentleman from ohio, mr. johnson, for five minutes. mr. johnson: thank you, mr. speaker. i rise today to recognize the nation's oldest continue usely running memorial day parade. the ironton lawrence county memorial day parade. in 1868 the grand army of the republic established may 30 as decoration day, later changed to memorial day to member crate -- commemorate soldiers who died during the civil war. it was in 1868 that ironton held their first parade. 2018 marks 150 straight years of honoring america's fallen heroes. ironton and lawrence county have a long association with america's military. lawrence county was named for james lawrence, a naval hero who commanded the u.s.s. chesapeake. it was lauren's dying command during a naval conflict against the british that is still remembered today. and i quote, don't give up the ship. the 40 members of the parade committee work year-round to organize the event. which has 12 separate divisions and draws tens of

one was that of spectrum allocation and the other one is orbital degree. on the issue of spectrum management, one of the things that's been discussed is the extent to which the -- for the millimeter waves, there could be sharing. of course, that's not as clean environment but it's also given the preponderance of pressure for 5g looks like satellites may have to do sharing and just comments on that. and then, also on orbital debris. i just got back from a conference in south africa where it was proposed that we should have automatic de-orbit commands that then be validated each week to say, no, it's still operating. don't de-orbit because some satellite system 40% you lost capability to command the orbit. just comment about any innovations we can make on orbital debris that makes sense. >> i'd really want to make sure that u.s. finger is on any button that did an automatic de-orbit. just me. i want to make sure we control that. the -- i shouldn't comment about, you know, millimeter wave or some of the debris issues because some of those things are, in fact,

one was that of spectrum allocation and the other was on the issue of spectrum management. of the things that's been discussed is the extent to which for the millimeter waves, they could be sharing. of course that's not a clean , environment but it's also given the preponderance of pressure for 5g, it looks like that satellites may have to do comments on that. and also on the debris. i just got back from a conference in south africa where , it was proposed that we should have automatic deorbit commands that then would be validated each week to say, it is still operating, don't deorbit, because some satellite systems 40%, you've just lost communications capability to command the orbit. just comment about any innovations we can make on orbital debris that makes sense. dr. pace: i would really want to finger isthat a u.s. on any button that we didn't automatically deorbit. [laughter] just me. that --ntually controls i shouldn't comment about millimeter wave or some of the debris issue because some of those things in fact, by the subject of open rule makings that the commission

number three, they should fix interregional planning and cost allocation. clearly no improvements have been made since order 1000 's attempt to improve that. congress, the department energy and ferc should improve siting. it is important for the future grade that we need and we should make sure that it works and is used where appropriate. ferc should require proactive planning that captures all of the values of transmission . too often it gets compartmentalized and not all of the benefits are included. the administration should improve federal coordination and transmission permitting on federal lands. the department of energy should harness the authority and capabilities of marketing administrations. they can be involved in transmission, utilize section 1222, and help in other ways. the administration should couple the department of energy 's planning and support for corridor designation with the department of interior efforts to identify renewable energy zones and transmission corridor s. finally, congress should consider public financing to right size tra

it has not yet considered the allocations for years further out in time. coit is also adding $125,000 that remains from the department in that hiring of the f.t.e. and fiscal year 17-18 which bridges the total to $425,000 available for the open source for consideration of the developing the open source voting system. the coit funding is to identify project manager who will draw and gather the specifications required to develop fund and implement and maintain the open source in the time needed to do so. and the project manager will utilize the business case of the foundation for next steps. so the big question, what is the timeline to implement the open source voting system? right now there is no set timeline for developing the voting system and the specifications are unknown. and the timeline is also impacted by the city not knowing which specific options to utilize for developing the voting system. and the elections commission stated that it wants the city to implement a new open source voting system for the november 2020 election. while the city was cons

i don't believe so, so once it it passes, how do we know that's what our allocation will be? >> so we're working closy with weda. the process is weda goes through an exercise with their board. they control the ferry money, and they look to see what are the best ways to spend the regional three moneys. the mission bay funding is the strongest ferry box funding that weda has in its strategic plan, so we believe it's going to be a very strong competitor, and they're well aware that we're looking to the source to complete the construction. we're turning this facility over to weda to run. >> supervisor cohen: i see. they have a vested interest in partnering with us in this endeavor. >> yes, they do. >> supervisor cohen: and then, the seawall ballot initiative, i guess placing a $425 million general obligation fund, that's going to be this november in 2018? >> yes, and you'll be seeing that legislation come second week of june. >> supervisor cohen: sure. i'll be looking for it. >> all right. >> supervisor cohen: all right. i don't have any other questions? supervisor fewer? >> supe